A bill to amend the Agricultural Act of 1949 to increase the levels of loans and purchases for the 1980 and 1981 crops of feed grains, wheat and soybeans and for other purposes.

[AI summary unavailable — showing source text] Amends the Agricultural Act of 1949 to revise the price supports for the 1980 and 1981 crops of corn, wheat, and soybeans to reflect 75 percent of parity. Requires the Secretary of Agriculture, upon the failure of a producer to redeem any wheat, feed grains, or soybeans before the expiration of the term of a price support loan, to sell the secured commodity within 90 days after acquisition, under specified terms, to a qualified purchaser for manufacture into alcohol for use as fuel.…